Fact Check: A rounding error

Romney said he was unaware of any provision that gives companies a tax deduction for moving operations overseas.

There is, but it is pretty small beer given the attention Democrats pay to it. The nonpartisan Joint Committee on Taxation estimated that ending the deduction for moving operations overseas would raise just $168 million over a decade. 

In the federal government, with an annual budget deficit of more than $1 trillion, that's what you call a rounding error.

Glenn Kessler has reported on domestic and foreign policy for more than three decades. He would like your help in keeping an eye on public figures. Send him statements to fact check by emailing him, tweeting at him, or sending him a message on Facebook.
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Glenn Kessler | October 3, 2012